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IFX - Infineon Technologies AG News Story

€31.5 -0.8  -2.3%

Last Trade - 11:06am

Sector
Technology
Size
Large Cap
Market Cap £36.22bn
Enterprise Value £39.44bn
Revenue £8.63bn
Position in Universe 35th / 1049

LIVE MARKETS-What you need to know at the open

Tue 12th November, 2019 7:57am
* European shares seen opening slightly higher
    * Eyes on Trump speech for news on Sino-US trade talks
    * Trump expected to delay European auto tariff decision

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters
stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your
thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net
    
    WHAT YOU NEED TO KNOW AT THE OPEN (0757 GMT)
    European shares are expected to edge up at the open today, staying near recent highs, as
investors await news on Sino-U.S. trade talks and on a likely delay to Washington's decision on
whether to slap tariffs on European auto imports.
    Futures on main regional benchmarks are up around 0.2-0.4%, also helped by good-looking
earnings updates as the Q3 season nearly draws to its end.
    EU officials said Trump is expected to announce this week he is delaying a tariff decision
on car and auto parts imported from the European Union, likely for another six months. Traders
see auto stocks  .SXAP  rising 1% at the open.
    In earnings, Deutsche Post DHL  DPWGn.DE  is up 1.5% in early Frankfurt trade after it
reported an almost tripling of Q3 quarter operating profit and said it expected a strong Q4,
while utility Uniper  UN01.DE  is up 3.5% after saying it expects a strong end to the financial
year. Shares in United Internet  UTDI.DE  and Evotec  EVTG.DE  are also seen higher after
results. 
    UK aerospace supplier Meggitt  MGGT.L  is seen up 4-5% after it raised its outlook for
annual organic revenue growth, although it warned of pressured margins due to the grounding of
Boeing's 737MAX, and Vodafone  VOD.L  is expected to rise 3-4% after the world's No.2 mobile
operator lifted its FY earnings guidance. 
    Shares in Dialog Semi  DLGS.DE  are up 3.5% in early Frankfurt after the Apple supplier
raised its long-term margins guidance, while elsewhere in the chip sector, Infineon  IFXGn.DE 
forecast slower growth in the year ahead, seeing no improvement in the all-important car market
and describing the economic environment as "fraught with uncertainty".
    Shares in consumer-exposed stocks will be on the watchlist after Alibaba  BABA.N  data
showed that Chinese shoppers snapped up food supplements, facial masks and baby milk powder at
the world's largest shopping festival, with brands such as L'Oreal  OREP.PA  and Nestle  NESN.S 
among the biggest winners. Its Singles' Day shopping blitz brought in a record 268.4 billion
yuan ($38.4 billion) in sales, more than six times the amount of online sales made in the U.S.
on Black Friday last year.
    A 1.4 billion-euro share buyback at a large premium is expected to give a big boost to Iliad
 ILD.PA  shares in Paris. Traders see the stock shooting up 20% at the open.
    In deal-making, ProSiebensat.1  PSMGn.DE  is expected to rise 4% after Mediaset  MS.MI 
raised its stake in its German rival as it presses ahead with plans to create a pan-European TV
platform.  
    
    (Danilo Masoni)
    ****
    
       
    
    ON OUR RADAR: SHOPPERS, AUTOS, RESULTS AND DEALMAKING (0700 GMT)
    Turning to the corporate front, shares in consumer-exposed stocks will be on the watchlist
after Alibaba  BABA.N  data showed that Chinese shoppers snapped up food supplements, facial
masks and baby milk powder at the world's largest shopping festival, with brands such as L'Oreal
 OREP.PA  and Nestle  NESN.S  among the biggest winners.  urn:newsml:reuters.com:*:nL8N27S0TT
    Autos  .SXAP  will also be watched after EU officials said Trump is expected to announce
this week he is delaying a decision on whether to slap tariffs on cars and auto parts imported
from the European Union.  urn:newsml:reuters.com:*:nL2N27S017
    There are also some earnings to digest as the Q3 season draws to its end. Updates this
morning don't look bad.
     Deutsche Post DHL  DPWGn.DE  reported an almost tripling of Q3 quarter operating profit and
said it expected a strong Q4  urn:newsml:reuters.com:*:nS8N27H00N, while utility Uniper  UN01.DE  on Tuesday said it
expects a strong end to the financial year.  urn:newsml:reuters.com:*:nB4N1S1024
    Infineon  IFXGn.DE  however forecast slower growth in the year ahead, seeing no improvement
in the all-important car market and describing the economic environment as "fraught with
uncertainty".  urn:newsml:reuters.com:*:nS8N27H00N
    There's some minor dealmaking t hat could liven up the session: Brewer AB Inbev  ABI.BR 
will buy out Craft Brew Alliance  BREW.O  own in a deal valuing the US company at about $321
million  urn:newsml:reuters.com:*:nL4N27R49Y, while Italy's Mediaset  MS.MI  raised its stake in German rival
ProSiebensat.1  PSMGn.DE  as it presses ahead with plans to create a pan-European TV platform.
 urn:newsml:reuters.com:*:nL8N27R693
    (Danilo Masoni)
    *****
    
    MORNING CALL: FLAT (0634 GMT)
    After a flat close yesterday not much action is expected at the open as well this morning.
    Investors are looking for clearer signals over how Sino-U.S. trade talks are progressing and
Trump's trade speech later today  at the Economic Club of New York will be surely watched.
 urn:newsml:reuters.com:*:nL2N27R10D
    Spreadbetters at IG expect London's FTSE to open flat at 7,328, Frankfurt's DAX to open flat
at 13,199 and Paris' CAC to open 1 point lower at 5,893. 
    Over in Asia, share markets flatlined as uncertainty over Sino-U.S. trade talks and
political strife in Hong Kong dogged sentiment.  MKTS/GLOB 
    (Danilo Masoni)
    *****     

 (Reporting by Danilo Masoni, Joice Alves, Julien Ponthus and Thyagaraju Adinarayan)
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